securities
The Financial Landscape: An Enormous Countrywide Settlement, and a Push by FINRA
10:00AM 6/29/2011
Investing, Bank of America, Stocks in the News, Market News, Banking
Bank of America will soon finalize an $8.5 billion agreement to settle investor claims that Countrywide sold them lousy mortgage-backed securities before the housing bust. Meanwhile, private regulator FINRA is angling to take over the watchdog role for registered investment advisers.
Trust in Banks Falls Back to Financial Crisis Lows
1:30PM 5/18/2011
Americans' overall trust in the nation's financial system has dropped from 26% to 20%, a level that matches the lows recorded during the heart of the financial crisis in late 2008, according to the latest results from the Chicago Booth/Kellogg School Financial Trust Index.
Wall Street Firms' 2010 Profits May Fall 69% From a Year Earlier
5:29PM 11/16/2010
Wall Street firms' collective 2010 profits may fall 69% from a year earlier on less activity in the securities industries, more financial regulation, and fewer gains from Federal government bailouts, according to a New York State Comptroller report. Nevertheless, 2010 profits still may be the fourth-highest on record.
A day after announcing a second round of quantitative easing, Fed Chairman Ben Bernanke responded to critics in a Washington Post op-ed that explains how the program will work and why it won't spark inflation.
Investors mistakenly believe brokers have fiduciary duty
6:00AM 9/16/2010
A new survey shows the majority of investors are confused about which type of advisor is required to act as a fiduciary on their behalf, and that the majority of investors believe all financial professionals providing investment advice, including insurance agents, should be held to a fiduciary...
International bankers are hammering out the Basel III agreement, which will require banks to keep more capital in reserve relative to what they invest. It's a good idea, and one that would cushion the financial system from the next bust -- if the rules weren't being pushed so far into the future.
The tough new restrictions will likely fuel demands for similar curbs in the U.S. But not everyone is convinced that the new rules will have the intended effect of changing bankers' riskiest practices.
If President Obama wants to end the kind of complex trading that nearly brought the U.S. financial system to its knees, a more robust plan is needed to control them than the one his administration has put forth, the nation's top securities regulator told Congress on Tuesday.
A White House plan to...
It seems "greed is good" isn't a mantra reserved solely for stock brokers on Wall Street. A former Morgan Stanley (MS) trader in Hong Kong was sentenced Friday to seven years in prison in what's been called the biggest local insider trading case.
In addition, the banker, Du Jun, a 40-year-old...
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Market Movers
| Symbol | Last | Change / % | Volume |
|---|
Most Actives
| 8.18 | +0.05 +0.62% | 479.63M | |
| 33.66 | -0.57 -1.67% | 54.64M | |
| 12.69 | -0.15 -1.17% | 52.28M | |
| 2.39 | -0.02 -0.83% | 45.92M |
% Gainers
| 5.90 | +1.00 +20.41% | 25.32M | |
| 10.95 | +1.72 +18.63% | 23.39M | |
| 10.07 | +1.47 +17.09% | 3.66M | |
| 4.01 | +0.57 +16.57% | 807,740 |
% Losers
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